Receivership Section

The Receivership Section plans, coordinates and administers the rehabilitation and liquidation of insolvent insurers pursuant to Part XVI and other applicable statutes contained in the Louisiana Insurance Code (Title 22 of the Louisiana Revised Statutes) and under the supervision of the 19th Judicial District Court of Louisiana.

The goal of the rehabilitation process is to restore troubled insurers to financial health whenever possible. Absent successful restoration of the insurers' financial status, the goal of liquidation is to maximize the value of the assets of the failed insurers and to distribute assets equitably in accordance with the priority of claims prescribed by law.